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Technology Stocks : Vitesse Semiconductor

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To: Cameron who started this subject10/26/1995 2:10:00 AM
From: Hardrock00   of 4710
 
Vitesse reported Oct. 19, 7 cents per share earings or $1.2 million net
income for their fourth quarter fiscal 1995, compared to 1 cent per share
earnings or $174,000 net income for the fourth quarter of 1994. For the
year, ending Sept.30, 1995, Vitesse earned 9 cents per share or $1.5 million
as compared with fiscal 1994 of (28 cents per share loss) or ($4.1 million).
The company looks to be doing every right, so the sell-off has to be profit
takers, and certain analysts who couldn't tell you the difference between
soft ice-cream and whipped-cream, let alone gallium arsenide integrated
circuits, S-RAMS D-RAMS, etc.
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